subject: A Simple Strategy to turn $5,000 a year into $3.3 million tax deferred [print this page] A Simple Strategy to turn $5,000 a year into $3.3 million tax deferred
Here's the deal. An IRA allows for investors under the age of 50 to contribute $5,000 a year to the account and trade tax free. Investing $5,000 a year for 25 years at 20% annualized will turn a 35 year old investor's annual contribution into over $3.3 million by the time they are 60 in 2035. The problem is that no one thinks ahead because many are scared of what is to come instead of being confident that the future holds the best for them.
Now let's dream a little bit...
Let's say you bought a subscription to The Poland Report and over the next 25 years the ideas published could produce the same annualized return we have for the last 9 - 47% a year. What do you think your $5,000 annual contribution would be worth by 2035? The answer is over $314,474,000!
With that in mind, there are two ways to go with this.
1. Put a small portion of your holdings into ideas The Poland Report issues each year. Follow our strategy of buy, sell, repeat and profit from our experience and ideas. Or if you are earning better than 25% a year, it might be better not to buy anyone's newsletter, but you still owe it to yourself to build your retirement fund.
2. Put a larger amount of cash behind our ideas and make massive gains over the life of your investments. If you are earning 40% or more annually, then you should only be investing in whatever that is that is producing those kinds of results. We live in a society that even the average citizen can earn interest off their money. That's the good news. However, too many people never take advantage of this. That's the bad news.
Either way you go, I definitely think opening an IRA account is the way to go. You should only have or need one since the maximum contribution will be $5,000 for those under 50 and $6,000 for those over 50. If you are already in your 50s the chances you will live to be 80 are increasing daily. So do not think it's too late because it's not!! If you're married you can add $10,000 a year pre-tax and really max out your gains.
To recap:
25 Years @ 20% = $3.3 million
25 Years @ 47% = $314 million
PLEASE NOTE: Past performance does not guarantee future success. In fact, there is no way we will be able to produce 47% a year over the long term. That is simply not feasible, but The Poland Report will try to be as close to that number as possible. Join us at www.thepolandreport.com
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